waqar hussain
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I am a content writer with a passion for covering international current affairs. I enjoy staying up to date with the latest news and trends from around the world.
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The New Economic War is about to Begin
In recent news, China’s yuan has replaced the US dollar as the most traded currency in Russia. The switch occurred a year after the invasion of Ukraine that led to a slew of Western sanctions against Moscow. Data compiled by Bloomberg based on daily transaction reports from the Moscow Exchange showed that the yuan surpassed the dollar in monthly trading volume in February for the first time. The difference between the two currencies became even more pronounced in March. Before the invasion, the yuan’s trading volume on the Russian market was negligible.
By waqar hussain3 years ago in Trader
